प्रारम्भिक व्यष्टि अर्थशात्र (Introductory Micro Economics)

प्रस्तुत पुस्तक बिहार के विभिन्न विश्वविद्यालयों के बी. ए. सेमेस्टर 1 के लिए निर्धारित नवीन पाठ्यक्रम (सत्र 2023-24 से प्रभावी) को पूर्णतया दृष्टि में रखते हुए तैयार की गई है |

प्रारम्भिक व्यष्टि अर्थशात्र (Introductory Micro Economics) Syllabus For B.A. Ist Semester of Various Universities of Bihar

INTRODUCTORY MICRO ECONOMICS

Unit-I : Exploring the subject matter of Economics : Definition of Economics, Need, Scope and Methods of Economics, Nature and subject matter of Economics, Problem of scarcity and choice, Central Problmes of Economy.
Unit-II : Supply and Demand :
(a) Concept and types of demand, determinants of individual demand/supply; demand and demand function, theory of demand and law of demand and supply, exceptions to law of demand, demand supply schedule and demand/supply curve; demand for complementary and substitute goods, market versus individual demand/supply; shifts in the demand/supply curve, demand and supply together, elasticity of demand and supply, determinants, measurement and application, static and dynamic demand, consumer surplus.
(b) The theory of Consumer Behaviour; Cardinal and Ordinal utility analysis.
Unit-III : The Firm and Market Structure : Nature of firm, organizing economic activity in a firm, Objective of a firm : Profit maximization vs. sales maximization, Introduction to basic idea of equilibrium of a firm, condition for producers’ equilibrium in short run and long run for firm and industry; total and marginal approach, Basic idea of market, concept and types of cost and revenue; total, average and marginal concept, classification of market, time element in market, Characteristics of Different Market Structures along with relevant examples.
Unit-IV : The Markets for the Factors of Production : Labour market : Basic concepts, derived demand, productivity of an input, marginal productivity of labour, marginal revenue product, demand for labour, backward bending supply curve of labour, tax policy and labour supply, labour force participation, determination of wage rate in a perfectly competitive labour market.